OCI, Mitsui USA form Texas solar project collaboration

• Texas-based OCI Solar Power, part of South Korean power and also chemicals company OCI Co Ltd (KRX:010060), has signed an agreement with Japan's Mitsui & Co (TYO:8031) to partner in the growth of solar projects.

Especially, the contract calls for OCI Solar to develop the projects and afterwards offer them to the Japanese group's United States arm for investment. The collaboration worries utility-scale solar power projects in Texas, OCI Solar said on Thursday.

Additional information about the partnership were not given. According to the declaration, it will certainly fit Mitsui's method to balance its power source portfolio.

"When huge companies go green and purchase cleaner, much safer, more sustainable power, everybody wins," claimed Charles Kim, head of state as well as chief executive officer of OCI Solar.

San Antonio-headquartered OCI Solar has developed a Texas portfolio completing more than 3 GW, which consists of projects in operation, unfinished and in development. The company likewise has solar parks producing electrical power in Georgia and also New Jersey.